Shares of Hikal hit a 52-week high of Rs 192, up 4% on Tuesday, extending its previous day’s 15% surged on the National Stock Exchange (NSE), after investor Ashish Kacholia bought nearly 2% stake in the pharmaceutical company via open market.
On Monday, September 3, 2018, Ashish Kacholia purchased two million shares, or 1.6% of the Hikal’s equity at price of Rs 166.50 through bulk deal, the NSE data shows. The investor bought these shares for total consideration of Rs 333 million.
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